ChallengeScalMorning V EURCAD

About ChallengeScalMorning V EURCAD

ChallengeScalMorning V EURCAD is a scalping EA that enters positions in the early morning Japan time, buying on dips and selling on recoveries in the direction of the long-term trend, embodying the principle of "small losses, large profits (average profit > average loss, maximum profit > maximum loss)."

 

Features

・Enters positionsin the direction of the long-term trend by buying on dips and selling on recoveries in the early morning Japan time, and closes positions by around 9:50 AM, making it a short-term battle type scalping EA! ・A raresmall loss, large profit EA in the "morning scalping" category! (average profit > average loss, maximum profit > maximum loss) ・Equipped with trend determination logic to detect long-term trends andthree types of entry logic using multiple indicators! ・Has a track record of over5 yearspublicly available in real forward testing ・Includes a compounding feature ・The latest version "ver5.0" has significantly improved backtest results!  

 

Backtest

The backtest was conducted using TDS (TickDataSuite) over a period of approximately 21 years, under conditions of a spread of 30 (3 pips) and a fixed lot size of 0.1 lots (⅛ historical data from Dukascopy).    

Forward

⅛0.01 lots (Yen account) ⅛Measured with "ver5.0" since July 28, 2025

 

Setting Parameters

【Initial Settings】  

【Description of Each Parameter】 Type of Daylight Saving Time・・・Specify the type of daylight saving time used by your broker (0: none, 1: US daylight saving time, 2: European daylight saving time). Server GMT Shift (Winter Time)・・・If daylight saving time is applicable, please specify the "GMT + α" value for your broker's winter time. Saturday Entry・・・Specify whether to allow entries on Saturdays. Set to "False" (default setting) if no entry is desired, or "True" if entries are allowed. Allowed Spread (pips)・・・If the spread exceeds the specified value, no entry orders will be placed. Compounding Settings・・・Set to "True" if you wish to use the compounding feature. ⅛The default is "False" (fixed lot size of 0.1 lots). Risk Value (%)・・・Specify the risk value when engaging in compounded trading. The lot size that can be held with the specified risk value (〇%) from the excess margin will be calculated for orders. Fixed Lot・・・Specify the number of lots for fixed lot trading. Maximum Number of Positions・・・Maximum number of positions (default value 3) Maximum Stop Loss (pips)・・・Maximum stop loss Magic Number・・・Please specify the magic number. If operating with other EAs in the same account, enter a different number to avoid order overlap. Comment・・・This is the comment displayed when the EA places orders or closes positions (modifiable)

 

✦Version Upgrade Information

ver5.0 (2025.7.27)・Change of initial SL value ・Correction of entry logic ・Adjustment of internal parameters ver4.0 (2023.8.9)・Change of initial SL (70 pips ⊲ 100 pips) ・Correction of entry logic ・Adjustment of internal parameters ver3.0 (2023.6.26)・Correction of entry logic ・Changed the display and order of user-side setting parameters ・Changed the default setting for Saturday entries to "false" ・Parameter adjustments ・Code optimization

Q&A

QPlease recommend a securities company or broker. ASince this EA enters positions in the early morning Japan time, brokers that have extreme spread widening for GBPCAD in the early morning may be more prone to hitting stop losses, so they are not recommended. It is advisable to choose brokers with narrow spreads that do not widen excessively in the early morning.   QCan this be operated with currency pairs other than EURCAD? AThis EA is specifically designed for EURCAD, so it cannot be operated with other currency pairs.   QCan you provide details about the logic? AI am very sorry, but the details of the logic are kept confidential.   QWill it definitely be profitable? AThis is not limited to this EA, but if the market does not align with the logic, there is a high possibility of incurring losses. Therefore, it is not guaranteed that profits will be made, and there may be cases where losses occur instead.   QIs it okay to run it simultaneously with other EAs? AYes. However, if the magic numbers are the same, please change the number for use.   QIs it okay to keep it running continuously? AWe aim to develop an EA that can be operated for long periods, but there is a possibility of drawdowns expanding or stagnating. In such cases, continuing to run it may lead to increased losses, so please determine whether to continue operating the EA based on certain criteria such as the size of the drawdown and the acceptable loss amount.